Home
Others
Others News
Government to set up fund to promote R&D in IT sector

Government to set up fund to promote R&D in IT sector

By Indo-Asian News Service | Updated: 5 June 2012 00:32 IST

Click Here to Add Gadgets360 As A Trusted Source

Highlights

The government is planning to set up an electronic development fund to promote innovation of products in the IT sector.

The government is planning to set up an electronic development fund to promote innovation and commercialisation of products in the IT sector.

"Under the draft National Policy on Electronics 2011, it has been proposed to create an electronic development fund to promote innovation, R&D, commercialisation of products in the IT sector," Minister of State for Communications and IT Sachin Pilot told the Lok Sabha.

The policy also proposes to provide incentives for setting up of over 200 electronic manufacturing clusters (EMCs) with world class logistics and infrastructure and easy to do business facilities.

The support is intended for greenfield EMCs and upgradation of brownfield EMCs.

The draft national policy was announced in October 2011 and put in public domain for consultations. The policy has not yet been finalised.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: IT, Indian Government

Government to set up fund to promote R&D in IT sector

Related Stories